Two giant distribution groups
Barloworld and Munich-based BayWa,have plans to put up a joint venture for the
supply of agricultural equipment into sub-Saharan Africa, NaijaAgroNet reports.
Barloworld,
a distributor of leading international brands providing integrated rental,
fleet management, product support and logistics solutions, and BayWawhich
offers machinery and equipment for farming and forestry, yard and barn and for
local authorities, are establishing a joint venture, in
which every one of the partners will embrace an equal 50 per cent shareholding.
Though the approval of the
establishment is still a topic to the competition authorities but, the
associates anticipate commencing operations at the middle of this year in
Zambia by offering consulting, sales and services, including for the Allis-Gleaner
Company (Agco) brands Challenger and Massey-Ferguson.
Clearing up the reasons for the
establishment of the combined venture, Barloworld chief executive, Clive Thomson
said yesterday that agriculture in Africa offers vital growth opportunities to
those able to offer solutions.
“It is estimated that the continent
has more than 60 percent of the world’s uncultivated arable land required to
feed 9 billion people globally by 2050 so Barloworld’s understanding of local
mechanisation requirements, combined with our strong focus on after sales
infrastructure and service, makes expansion beyond southern Africa a natural
progression and together with BayWa we look forward to building on shared
competencies to provide region-specific resources and solutions to the
agriculture value chain in Africa,” he said.
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